All posts tagged MIKE MIKAN

Mike Mikan, Best Buy’s interim chief executive, brings a financial chief’s expertise to his new role, but observers worry that won’t suffice for thebig-box electronics chain as it struggles to reshape itself in response to changing customer needs.

“I don’t think [Mikan] adds any value at all,” said Wedbush Securities equity analyst Michael Pachter. Pachter told CFO Journal that Best Buy has “a retail square footage issue, not an accounting problem,” and Mikan “has zero retail experience, has no relevant experience in dealing with a threat from Internet retail, and is unlikely to make any meaningful changes.” Read More »